Riot Platforms has creatively maneuvered its way into a $100 million credit agreement with the crypto exchange giant, Coinbase. This innovative approach permits the mining company to use its substantial Bitcoin holdings as collateral, a structure that reveals both audacity and foresight in navigating a shaky market. With access to capital being a crucial lifeline,
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The Alabama Securities Commission’s recent decision to withdraw its legal action against Coinbase regarding the crypto exchange’s staking program not only reduces the number of state-level lawsuits but also signifies a pivotal moment for the evolving regulatory environment surrounding cryptocurrencies. This move, which lowers the lawsuits from ten to five, was heavily influenced by the
In a recent move that has caught the attention of the cryptocurrency community, Coinbase expanded its self-service asset recovery tool to encompass unsupported SPL tokens on the Solana network. With this update, users can reclaim mistakenly sent tokens without the cumbersome process of engaging customer support. This empowerment is particularly noteworthy in a digital landscape
The cryptocurrency landscape is often likened to the Wild West, a region of unregulated chaos filled with both opportunists and trailblazers. Yet, as the recent Bybit hack illustrates, this frontier is more lawless than many dare to admit. In April, Bybit CEO Ben Zhou revealed that a staggering $400 million of the total $1.4 billion
Vietnam is on the cusp of a transformative shift in its digital economy with the government’s plans to develop a pilot crypto trading platform. This strategic initiative, spearheaded by the Ministry of Finance and bolstered by technical expertise from the cryptocurrency exchange Bybit, signifies not only a response to the growing interest in digital assets
In the fast-paced world of cryptocurrency, transparency is often touted as a fundamental tenet. However, recent revelations surrounding the OM token have unearthed a sordid narrative of deceitful practices that highlight the vulnerability of the crypto market. Allegations suggest that players within the Mantra team colluded with market makers to manipulate liquidity metrics, distorting the
In a significant declaration that rippled through the cryptocurrency community, Bybit has revealed its intent to terminate a broad spectrum of its Web3 features by the end of May 2025. This drastic transition raises eyebrows about the future direction of the exchange. The leadership claims this is a calculated maneuver to pivot towards a new
On April 15, an unexpected outage in Amazon Web Services (AWS) disrupted major cryptocurrency platforms, unveiling deep-seated vulnerabilities tethered to centralized infrastructure. Amid the growing prominence of cryptocurrencies and Web3 technologies, this incident serves as a grim reminder that the very backbone of the crypto economy might be more fragile than proponents are willing to
Kraken’s latest foray into conventional finance represents a groundbreaking shift for both the company and the financial landscape at large. With the launch of over 11,000 US-listed stocks and exchange-traded funds (ETFs), Kraken is wielding its influence like a double-edged sword. This bold endeavor transcends the limits of cryptocurrency trading and beckons a new era
On April 13, the cryptocurrency world witnessed a dramatic plunge that rattled even the most seasoned investors. The OM token, integral to the Mantra blockchain, fell catastrophically from around $6.30 to a mere $0.50. This collapse decimated more than $5 billion from its market cap, reducing it from an already impressive $6 billion to a
